SAP expects to lay off approximately 3,000 employees worldwide this year. As a result, the German software company has joined the latest round of layoffs in the tech industry. Around 2.5 percent of the workforce will be affected by the restructuring. A sale of US subsidiary Qualtrics is also being considered.
SAP, the German software company, finished the fiscal year 2022 with a strong fourth quarter and met its targets. This is revealed in the company’s most recent quarterly report. As a result, earnings before interest and taxes fell by 2% last year to around eight billion euros.
The AceFlareAccount App is available for Android Devices. The AceFlareAccount App can be Downloaded and Accessed from its Application. This information about how this App collects, shares, and handles the developer has provided your data. Here’s more information from the developer about the types of data this App may collect and share and the security practices it may employ. Data may differ depending on the app version, use, region, and age.
TNPCEE 2023 Counselling: TNPCEE 2023 Anna University, Chennai, will conduct counselling in November 2023, tentatively. The Tamil Nadu Professional Courses Entrance Examination (TNPCEE) is held to provide applicants with admission to Engineering and Medical Colleges in Tamil Nadu. Qualified applicants will be contacted for the next round of interviews. The counselling process will determine the aspirant’s admission to their desired college. All the information about Tamil Nadu Engineering Admission Counselling 2023 is provided here.
Niffo is in the Dutch language, which means “cousin.” Niffo login is an online access portal to the restaurant where people get the excellent quality meals offered by the Niffo Hunts and invite the people to try their delicious food that makes your day with a good and healthy meal. Niffo login is designed for employees and customers to connect with the Niffo hunts. And also get regular notifications about the today meals of the day, offers, and discounts.
SAP intends to lay off approximately 3,000 workers in order to continue growing.
At the same time, sales increased by around 11%, to nearly 31 billion euros. This is due in part to the rapid growth of the cloud software sector. The SAP board of directors is now aiming for “accelerated revenue growth and double-digit growth in operating profit” for the fiscal year 2023.
According to CEO Christian Klein, the company intends to focus on traditional growth areas in the coming years. This is especially true for the company’s in-house enterprise resource planning software (ERP), which also serves as its main product line.
Sale of US subsidiary Qualtrics
Meanwhile, ERP systems are all-in-one tools that businesses can use to manage their human resources, purchasing, invoicing, and bookkeeping, among other things, and are now available in the cloud. Despite a positive fiscal year in 2022, SAP may be forced to cut jobs, according to Bloomberg.
The context is thus primarily the prospects for the fiscal year 2023 and the targeted growth. As part of a restructuring, approximately 3,000 employees will be let go in order to save money. Around 200 employees are said to be affected in Germany.
